Stochastic Slow SE

Definition

Stochastic Slow SE (Short Entry) generates a short entry order at the next bar's open when the %K line crosses below the %D line and both values are above the OverBought level.
The number of bars used to calculate the Stochastic and the OverBought level can be adjusted.

Usage

Short entry based on the crossover of Stochastic lines.

Default Inputs

Length - number of bars for the Stochastics value calculation.
OverBought - level at/above which the Stochastics is considered to be OverBought.

Note: Use Stochastic Slow LE for entering a long position.